Philosophy of The World is the first album by The Shaggs, released in 1969 by Third Word Records and rereleased in 1980 by Red Rooster Records/Rounder Records after the band NRBQ found it at a Massachusetts radio station in 1978. A CD version containing Shaggs' Own Thing was released in 1988 by Rounder, and another CD, this time without the latter record, was released by RCA Victor in 1999.

Recording of the album was financed by Austin Wiggin, father of the bandmembers.[2]

"Philosophy of the World is the sickest, most stunningly awful wonderful record I've heard in ages: the perfect mental purgative for doldrums of any kind," wrote Debra Rae Cohen for Rolling Stone in a review of the 1980 reissue. "Like a lobotomized Trapp Family Singers, the Shaggs warble earnest greeting-card lyrics (...) in happy, hapless quasi-unison along ostensible lines of melody while strumming their tinny guitars like someone worrying a zipper. The drummer pounds gamely to the call of a different muse, as if she had to guess which song they were playing - and missed every time."[3] "Without exaggeration," Chris Connelly wrote in a later Rolling Stone article, "it may stand as the worst album ever recorded."[4] In an article for The New Yorker, the album was described as "hauntingly bad".[5]